1) DRIVING OPERATIONAL EFFICIENCIES & DISTRIBUTION ENAGAGEMENT
- Daily WIP management (governance calls)
- Weekly/Fort-nightly Governance calls/Meetings
- Monthly FWG with Bank and Distribution
- Quality of Business discussions and drive issuance/ leakage/ Persistency/ E2R/ Free-look / Claims at zone/cluster level
2) ESCALATION & QUERY MGMT
S ingle point of contact for Broker escalations management (service query / Under writing / claims)
3) TRAINING
Train and educate broker team on the various ops process, underwriting guidelines, new initiatives and address FAQs
4)
Inter dept. coordination/structural fixes
IT enhancements/ issues, process gaps, MIS customization, reporting requirements of partner
Measure of Success
- >87% M0 issuance and 94% M2 Issuance
- 100% Customer Service and complaint resolution within TAT
- Bank Partner, Customer satisfaction score-top 2 boxes with more than 80%
- Customer retention and reduction in leakage (less than 6 % pre and post)
- Trainings to MLI Distribution team on ops processes and policies
- Meet the renewal / persistency targets
- Meet the Surrender retention targets
- Audit ratings of 2 or above in all internal audits
Desired qualifications and experience
- A Graduate/MBA
- Experience of
5-8 years plus
in operations or customer services in a financial services industry.
Knowledge and skills required
- Good communication skills
- Customer centric approach
- Process documentation and systems approach
- Previous experience preferably in relationship management and cross functional engagement
- Computer skills in using databases and office management software including spreadsheets/presentation skills.
Job Title Manager - Operations
Position
Deputy Manager
No. Of Positions
1
Department
Operations
Function
Operations Bancassurance
Reporting to
Senior Manager
Band
5B
Location
Hyderabad/Chennai
Last date of submission
Key Responsibilities
1) DRIVING OPERATIONAL EFFICIENCIES & DISTRIBUTION ENAGAGEMENT
- Daily WIP management (governance calls)
- Weekly/Fort-nightly Governance calls/Meetings
- Monthly FWG with Bank and Distribution
- Quality of Business discussions and drive issuance/ leakage/ Persistency/ E2R/ Free-look / Claims at zone/cluster level
2) ESCALATION & QUERY MGMT
S ingle point of contact for Broker escalations management (service query / Under writing / claims)
3) TRAINING
Train and educate broker team on the various ops process, underwriting guidelines, new initiatives and address FAQs
4)
Inter dept. coordination/structural fixes
IT enhancements/ issues, process gaps, MIS customization, reporting requirements of partner
Measure of Success
- >87% M0 issuance and 94% M2 Issuance
- 100% Customer Service and complaint resolution within TAT
- Bank Partner, Customer satisfaction score-top 2 boxes with more than 80%
- Customer retention and reduction in leakage (less than 6 % pre and post)
- Trainings to MLI Distribution team on ops processes and policies
- Meet the renewal / persistency targets
- Meet the Surrender retention targets
- Audit ratings of 2 or above in all internal audits
Desired qualifications and experience
- A Graduate/MBA
- Experience of
5-8 years plus
in operations or customer services in a financial services industry.
Knowledge and skills required
- Good communication skills
- Customer centric approach
- Process documentation and systems approach
- Previous experience preferably in relationship management and cross functional engagement
- Computer skills in using databases and office management software including spreadsheets/presentation skills.